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Stewart expands pilot program rollout
Posted Date: Thursday, February 9, 2017
Stewart announced that it is moving forward with a new initiative that it has been piloting in small markets over the past year.
On a conference call with analysts discussing the company’s quarterly earnings, CEO Matt Morris and Chief Financial Officer Allen Berryman said the program was expected to provide $10 million in annualized savings each of the next two years.
Read on for more details of the pilot program and why Stewart is so high on its prospects.
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Strong title market could be slowed
Posted Date: Thursday, February 16, 2017
A.M. Best speculates that after three years of a growing title insurance market, increasing mortgage rates will slow home sales and title market growth.
However, moderating home price growth could offset affordability issues this year, the report said.
Read on to learn which group of consumers is most likely to delay home purchases.
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TRG parent, Guaranteed Rate partner
Posted Date: Tuesday, February 21, 2017
Realogy Holdings Corp., the parent company of Title Resource Group, and Guaranteed Rate, Inc. have agreed to form a new joint venture, which is expected to begin doing business in June 2017.
As part of the deal, Realogy and PHH Mortgage will end an existing joint venture.
Read on for more details about the deals between the companies.
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Former First American exec steps away
Posted Date: Tuesday, February 21, 2017
Former longtime First American Financial Corp. executive Anand Nallathambi, now president and CEO of CoreLogic, has been granted a temporary medical leave of absence.
Nallathambi spent 18 years with First American before CoreLogic was spun off from the company as a standalone operation. Nallathambi has led CoreLogic since it separated from First American Corp. in 2010. CoreLogic provides real estate information to companies in real estate, mortgage finance, insurance, and capital markets.
Read on for details on who will lead CoreLogic during Nallathambi’s leave.
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Big quarter lifts year-end results for Stewart
Posted Date: Friday, February 10, 2017
Stewart Information Services used a strong fourth quarter to boost its full-year results for the company in a year in which Stewart made headlines for changes among its executive leadership team.
More executive leadership changes are coming, however, as the company announced a new departure on its conference call with analysts.
Read on for details of the financials and to see who will be leaving the firm.
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Investors Title shatters record for profits
Posted Date: Monday, February 13, 2017
For the second time in as many years, Investors Title has reported record yearly revenues.
Profits rose nearly 56 percent from the company’s previous high, set in 2015. Company officials attribute last year’s improved fiscal results to fewer foreclosures and increasing home sales.
Read on to learn what Investors Title’s chairman fears could put the brakes on consumers refinancing loans in 2017.
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First American profits soar in 2016
Posted Date: Monday, February 13, 2017
First American Financial Corp. reported 2016 increases in both revenues and net income.
Company executives believe rising interest rates may continue to put the brakes on refinances. However, they’re optimistic about this year’s commercial and residential markets.
Read on to learn about the company fourth-quarter results and its acquisitions which helped boost the bottom line in 2016.
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First National latest to show strong growth
Posted Date: Friday, February 17, 2017
First National Title Insurance said it had more than a 50 percent increase in revenues in 2016.
The company said last year’s growth came because of positive real estate markets in the states it serves, and its profits showed strong growth as well as its revenue.
Read on to learn what the company has identified as its main growth area for 2017.
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Brokerage deal joins title divisions
Posted Date: Friday, February 10, 2017
HomeServices expands its reach in the New York City area with the acquisition of Houlihan Lawrence.
The deal between brokerage companies will join their title insurance divisions as well.
Read on for details of the areas where the purchase will booster HomeServices’ geographic reach.
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Allegiant Reverse Services expands footprint
Posted Date: Monday, February 13, 2017
Allegiant Reverse Services selected its new location to capitalize on the Texas market and to attract new employees.
The new location will be the fourth office for the company, which calls itself the leading provider of title insurance services for the reverse mortgage industry.
Read on to learn why the company believes the new location in Texas has so much to offer.
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Title Alliance adds new partnership
Posted Date: Thursday, February 9, 2017
Armed with a new office leader, Title Alliance announced it recently opened its fourth joint venture operation in Florida.
The company partnered with Keller Williams, its 24th affiliation with the company, to open the new title insurance agency.
Read on for more about the new office, the closing manager in charge, and how business has started since the doors opened.
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OneTitle gets rate-reduction approval
Posted Date: Thursday, February 16, 2017
OneTitle National Guaranty Co. will offer reduced rates on transactions of more than $15 million.
The lower rates are available to commercial and residential customers throughout New York State exclusively through OneTitle.
Read on to learn about the company’s new, condominium offering plan library.
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MISMO appoints new board members
Posted Date: Tuesday, February 21, 2017
The Mortgage Bankers Association has appointed a Quicken Loans and Black Knight Financial Services executive to the board of its Mortgage Industry Standards Maintenance Organization (MISMO).
Read on to learn more about the appointees.
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Commonwealth USA Settlements earns SOC 2
Posted Date: Friday, February 10, 2017
Commonwealth USA Settlements has earned Service Organization Control 2 (SOC 2) Type II certification from the American Institute of Public Accountants.
Read on for details of what’s required to receive this distinction.
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Black Knight introduces new title tool
Posted Date: Friday, February 17, 2017
Knight has introduced a risk mitigation tool that it says will help identify potential liabilities and reduce title insurance claims.
The tool, called iOnTitle, is offered as a part of TitlePoint, Black Knight’s web-based title search and order management application.
Read on learn more about how the company says iOnTitle can reduce title insurance claims.
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Fidelity National, GainClients partner
Posted Date: Thursday, February 16, 2017
Fidelity National Title Co. has signed a service agreement authorizing the title company to use GainClients, Inc.’s GCard service.
During a three-month pilot in Seattle, GainClients helped Fidelity convert more policies, the companies announced.
Read on to learn how GainClients’ service is expected to improve Fidelity’s Foreclosure Division and its bottom line.
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Agents National integrates with RamQuest
Posted Date: Friday, February 10, 2017
RamQuest, Inc. has announced the integration of its Closing Market digital network with Agents National Title Insurance Company.
The move will bring Agents National title agents access to critical information through Closing Market, which automatically can be transferred to their file.
Read on for more details about the technology deal.
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Forty-three counties join Simplifile
Posted Date: Friday, February 17, 2017
Throughout the United States, more than 1,579 counties record deeds, mortgages, and other documents using Simplifile.
The additional counties added to Simplifile’s network spanned 18 states.
Read on for more information.
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SLK introduces new product
Posted Date: Monday, February 13, 2017
SLK Global Solutions’ new tax-retrieval product promises to provide clients with accurate real estate tax information.
Company executives said conversations with clients led to the development of the new product.
Read on for information on how the new product will speed the closing process.
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NotaryCam gains Fannie Mae approval
Posted Date: Friday, February 17, 2017
Fannie Mae has approved NotaryCam’s eClose360 for use on its loans.
eClose360 is an online notary platform that enables mortgage closings to take place entirely online.
Read on for more information.
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Ellie Mae integrates Veros’ Sapphire
Posted Date: Tuesday, February 21, 2017
Sapphire, Veros Real Estate Solutions’ value management platform, now is available through Ellie Mae’s mortgage management solution.
Read on for details.
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Cybersecurity breaches cause substantial losses
Posted Date: Thursday, February 9, 2017
Cybersecurity breaches do more than slow down a business. A new report finds that companies that experience a breach also suffer heavy financial and reputational losses.
The Cisco 2017 annual Cybersecurity Report surveyed nearly 3,000 chief security officers (CSOs) and security operations leaders from 13 countries. It found that more than a third of organizations which experienced a breach reported substantial customer and opportunity loss, along with revenue losses of more than 20 percent.
Read on for more details from the 10th annual report, and what a breach can mean for your business.
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GRS Title Services gets new president
Posted Date: Tuesday, February 21, 2017
GRS Title Services has promoted one of its co-founders into a new role.
He will take over as president after eight years of service with the company.
Read on for more information about the promotion and reaction from the company to The Title Report.
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Old Republic adds underwriting counsel
Posted Date: Thursday, February 9, 2017
Old Republic Title has added an underwriting counsel to its team. He will be based out of the Nashville, Tenn., office. Read on for more details of the hire.
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Quicken Loans gets new CEO
Posted Date: Thursday, February 16, 2017
The nation’s second-largest mortgage lender has changed the responsibilities of several of its senior managers, including installing a new CEO.
In making the announcement, Quicken Loans Chairman Dan Gilbert praised the passion and dedication of those promoted.
Read on to learn which executives have new roles within the company.
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Kensington Vanguard adds executives
Posted Date: Monday, February 13, 2017
Kensington Vanguard National Land Services named a vice president of business development and an escrow officer for its Lone Star Division.
Read on to learn about the experience of the two newly hired executives.
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AmTrust names agency representative
Posted Date: Monday, February 13, 2017
AmTrust Title Insurance Company has tapped a veteran title insurance professional to represent its operation in the Garden State.
Read on to learn about the new hire’s background and why New Jersey is a vital market for AmTrust.
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Westcor appoints sales manager
Posted Date: Friday, February 17, 2017
Westcor Land Title Insurance Co. appointed a Texas regional sales manager.
He will help the company identify the needs of title agents in and around Texas.
Read on to learn more.
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Stewart office in Dallas gets new hire
Posted Date: Thursday, February 9, 2017
Stewart Title Commercial Services announced that it added a business development officer to the Dallas-Fort Worth office. The new hire will be responsible for growing Stewart’s commercial business by developing and maintaining commercial business relationships. Read on for more.
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Homebuyers surprised by closing costs
Posted Date: Friday, February 17, 2017
A survey done for ClosingCorp found that some first-time homebuyers were unaware that closing costs were required.
More than half of survey respondents said their costs changed or were revised prior to closing, despite the aim of the new TILA-RESPA Integrated Disclosure (TRID) forms to prevent surprises on closing costs changing late in the homebuying process.
Read on learn what’s surprising homebuyers about the cost of their home.
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Fannie: Housing outlook improving
Posted Date: Friday, February 10, 2017
Fannie Mae’s latest index shows Americans are cautiously optimistic about buying or selling homes and retaining their jobs.
Read on for details of about the areas in which Americans see improvement and those which are still causing concern.
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Millions of homes facing environmental hazards
Posted Date: Tuesday, February 21, 2017
ATTOM Data Solutions has identified $4.9 trillion worth of single family homes and condos threatened by environmental hazards.
Read on for more information.
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Foreclosures down in December
Posted Date: Thursday, February 16, 2017
An improved job market and stringent underwriting standards are reducing the number of foreclosures.
Foreclosures in December were 82 percent lower than at the peak at the foreclosure crisis in 2010.
Read on to learn which states had the most and the least foreclosures in December.
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Mortgage applications on the rise
Posted Date: Thursday, February 16, 2017
Mortgage applications for new home purchases rose in January. An economist from the Mortgage Bankers Association is predicting modest growth in 2017.
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LendingQB, Accurate Group partner
Posted Date: Friday, February 10, 2017
In hopes of streamlining the
loan origination process for lenders, LendingQB is integrating Accurate Group’s
appraisal, title and compliance services into its technology solutions. Both
companies believe the technology integration will reduce cycle times and
produce greater transparency into appraisal and title data.
Read on for details.
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Report: Single ladies go with FHA loans
Posted Date: Thursday, February 9, 2017
It might not be Beyonce’s next big hit, but all the millennial single ladies were making their moves in mortgages in December, a new report shows. Read on or the details.
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